Suffolk Bancorp, a one-bank holding company that operates Suffolk County National Bank, has released results for its recent fourth quarter, with comparisons to the fourth quarter of 2010.
Key points include a decrease in earnings per share of 62.5 percent, to 12 cents, from the comparable period, and net income at $1,156,000, down 62.3 percent from $3,069,000 during the same period in the previous year.
The net loss per share for the full year was down 101.2 percent, from the net income of $6,256,000 in 2010.
It’s fairly common knowledge by now that, as the band Queen sings, “fat-bottomed girls, they make the rockin’ world go ’round,” but can the same be said for confectionery?
According to Donna McCue, whose East Hampton business, Fat Ass Fudge, has been on a steady spread for the past four years, the answer is yes.
Is the glass half empty or half full? Reports presented from Suffolk Research Service and one of the East End’s real estate firms offer a nebulous view of whether the market is on the rise or still bouncing along the bottom.
Although there was some improvement from the third quarter of 2011 to the final quarter, there was little to no improvement over all over the fourth quarter of 2010, according to George R. Simpson, the president of Suffolk Research Service.